| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 4, 2026 | 9/12 | 2 medium, 1 low flags | 0 | 0 | Call sheet → |
| Q1'26 | 2026-05-07 | 10/12 | 2 high, 3 medium, 1 low flags | 3 | 0 | Call sheet → |
| Q4'25 | February 11, 2026 | 11/12 | 6 low flags | 4 | 0 | Call sheet → |
| Q3'25 | November 5, 2025 | 7/12 | 2 high, 3 medium, 1 low flags | 4 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | Looking forward to introducing Red Bull-infused energy drinks throughout the year in the US beverage platform Management states Red Bull Energizers are coming to the US 'in the coming weeks,' implying not yet delivered as of this call. |
| Q2'26 | Pending | US company-operated restaurant margins flagged as 'not acceptable,' with active work underway to address them The cited Q2 call discussion did not update the US company-operated margin. Check the release and filing for the actual result before judging delivery. |
| Q2'26 | Pending | FX tailwind to FY2026 EPS of $0.20 to $0.30 Full fiscal year has not ended; guidance was cut mid-year to $0.15, a revision to the range rather than a final miss, but directionally negative. |
| Q2'26 | Pending | Confidence in reaching 50,000 restaurants by the end of 2027 Target revised to 2028. The original deadline has not passed, so record the revision rather than a completed deadline miss. |
| Q2'26 | Pending | McValue program 'locked in through the balance of the year' and management 'feel[s] very good about the plan' for US sales trajectory A general expression of confidence is not a numerical sales promise. Management reported a Q2 execution shortfall, but the cited passage does not establish that the program itself was withdrawn. |
| Q1'26 | Pending | China on track for approximately 1,000 new restaurants in 2026 Reaffirmed commitment, maintained share despite macro pressures |
| Q1'26 | Pending | 50,000 restaurants by end of 2027 target Still on track but now acknowledging pipeline review due to construction cost pressures |
| Q1'26 | Pending | Operating margin to expand from 46.9% adjusted margin in 2025 Q1 margin was 46%, guidance still calls for mid-to-high 40s range expansion |
| Q1'26 | Delivered | Net restaurant expansion to contribute approximately 2.5% to system-wide sales growth System-wide sales grew 6% constant currency with expansion contributing as planned |
| Q1'26 | Exceeded | EVM financial support estimated at approximately $35 million Actual support came in below the estimate as program performed better than expected |
| Q1'26 | Delivered | We're measuring EVM success through ability to gain share of low-income traffic and improve value scores Gained share with low-income consumers in December, value scores improved meaningfully |
| Q4'25 | Pending | Chicken category share increase by at least 1 percentage point by end of 2026 versus December 2023 On track according to management, grew share across top 10 markets in 2025 |
| Q4'25 | Delivered | Deploy the McCrispy Sandwich equity to nearly all major markets by the end of 2025 Achieved target deployment across nearly all major markets as planned |
| Q4'25 | Pending | We're on track to deliver our current year targets and our 50,000 restaurants globally by the end of 2027 Reaffirmed 50,000 target with 2026 opening acceleration to 2,600 restaurants keeping them on track |
| Q4'25 | Exceeded | Initial results are exceeding expectations with strong satisfaction scores across the board for beverage test Moved from testing phase to firm launch commitment under McCafe brand, indicating results surpassed internal thresholds |
| Q4'25 | Delivered | We opened 2,275 restaurants on top of the more than 2,000 restaurants we opened in each of the prior 2 years Met the 2,275 target exactly as guided, maintaining accelerating pace |
| Q4'25 | Delivered | We will measure success of our EVM program in 2 ways: first, by gaining share of lower income consumer traffic and second, by improving value and affordability experience scores Explicitly stated both metrics improved: gained share with low-income consumers in December and saw meaningful increase in value/affordability scores |
| Q3'25 | Exceeded | Continue to target about 2.2% G&A as percentage of system-wide sales Maintaining target despite $40M incremental marketing spend |
| Q3'25 | Pending | Target about 1/4 of 2,200 openings to be in our U.S. and IOM segments No specific update on geographic mix provided |
| Q3'25 | Delivered | We expect to open more than 1,600 restaurants in our IDL markets, including about 1,000 in China China on track for 1,000 openings despite macro headwinds |
| Q3'25 | Pending | We continue to target a full year adjusted operating margin in the mid- to high 40% range Still tracking toward target but margin pressures evident in McOpCo performance |
| Q3'25 | Delivered | Upcoming test in about 500 restaurants in the U.S. with a beverage lineup Launched beverage test in Colorado and Wisconsin as promised |
| Q3'25 | Delivered | We're working closely and collaboratively with our U.S. franchisees on this opportunity, and we're developing ideas for how we might address this Delivered EVM program with 15% minimum discount and corporate co-investment |
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